Jensen Huang scandal sends ripples through tech

Nvidia's board is reportedly considering removing co-founder and CEO Jensen Huang, sources say. The company, which has grown from a gaming chipmaker to a leading supplier of artificial intelligence chips, could hold a board meeting soon to decide Huang's fate, according to reports from media outlets. The potential ousting of Huang comes amid an internal investigation by Nvidia into allegations that he was targeted by a foreign intelligence operation.

These allegations stem from reports of an affair Huang allegedly had with a woman identified as a Chinese intelligence asset by US intelligence. Additionally, the New York Times reported that Huang also had an affair with an Nvidia executive who reported to him. The news of possible changes at the helm of Nvidia sent the company's shares down by around 8% in after-hours trading.

Bloomberg reported on X that Nvidia's board is collaborating with an external firm to identify potential successors and is considering an interim CEO while they search for a permanent replacement. Further updates are expected as this developing story unfolds.